Tuesday, 25 October 2016

{LONGTERMINVESTORS} News Briefing

 

Economic Times

Ø  Govt set to ask RIL, Shell, ONGC to pay $1 bn
Ø  Cash availability to slow trickle down of RBI's rate cuts
Ø  Indian economy can reach USD 6-8 trillion mark in 15 years: Arvind Panagariya
Ø  Ralph Speth, N Chandrasekaran join Tata Sons
Ø  Recommendations on free data architecture soon: TRAI
Ø  Maharashtra, Karnataka cane farmers to demand Rs 3200/tonne as first installment
Ø  Govt allows 100% FDI in 'other financial services'

Business Standard

Ø  Power gencos face penalty as coal demand hits a low
Ø  Consolidation, clearing telecom mess top agenda
Ø  FinMin looking at 1-2% cut in corporation tax in FY18 Budget
Ø  Singapore's CapitaLand sets up $1.5 billion private equity fund for China
Ø  Insolvency and Bankruptcy Law to be operational by Dec
Ø  HDFC Bank net profit at Rs 3,455 cr, up 20% in Q2
Ø  Brokers to raise concerns on penalty, compliance costs with sebi

Business Line

Ø  No caveat filed in any court, clarifies Cyrus Mistry's Office
Ø  Apex court tells Mallya to disclose his foreign assets in a month
Ø  Determined to implement GST from April 1: Eco Affairs Secy
Ø  L&T Infotech to acquire analytics start-up AugmentIQ
Ø  IMD declares cyclone 'Kyant' in Bay of Bengal
Ø  Prudential Financial raises stake in DHFL Pramerica to 49%

Mint

Ø  Axis Bank's Q2 profit plunges 83% to Rs319 cr on bad loans
Ø  PNB Housing Finance's IPO draws 20% bids on Day 1
Ø  BigBasket seeks govt's approval for Rs100 crore FDI
Ø  Reliance Jio free offer impact on rivals likely by Q3: analysts
Ø  Airtel Q2 profit declines 4.9% as data tariffs cut amid competition
Ø  IDBI Bank Q2 profit halves to Rs56 cr as NPAs nearly double

Financial Express

Ø  Sensex ends 88 points down, Nifty settles below 8,700
Ø  Government has strategic control;no threat to tax data: GST Network Chairman
Ø  IMF urges African states to cut deficits as growth grinds lower
Ø  Idea Cellular slips over 3% on posting 88% decline in consolidated Q2 net profit
Ø  Salaried tax payers to get SMS alerts on TDS deductions

Financial Chronicle

Ø  'Mistry's ouster may be good for Tata Steel's UK ops'
Ø  FIIs remain overweight on Indian markets: UBS
Ø  Focus on mkt leadership, investor returns: Tata to CEOs
Ø  MFs see Rs 16k cr inflow in Sep; Rs 2.34L cr in H1
Ø  CBDT to issue certificates to 10.15 lakh taxpayers
Ø  TPREL inks pact with SECI for 100mw AP solar project 

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